is FORM 16 From previous employer compulsory

Dear Sir,

I joined a new co. on 17Jan2011. is it compulsory for me to provide Form16 to my new employer, or the company can calculate my income tax liability from 17jan2011to 31mar2011, at their end.

Looking for your reply. Regards, Pankaj

asked Feb 25 '11 at 05:58 by pankajjangra 1111


Its not mandatory to provide previous company's Form 16 to new employer. Most of the times its not even possible even as most the companies issue Form-16 in May-June.

Rather than providing form 16, you may declare your income from previous employer to new one. If same if not done, you will have to compute income tax and pay it yourself, before year ends.

answered Feb 27 '11 at 10:35 by pankaj 5.2k320

link

Know someone who can answer? Share a link to this question via email, twitter , or facebook
.

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text](http://url.com/ "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported

Tags:

×777
×61

Asked: Feb 25 '11 at 05:58

Seen: 3,124 times

Last updated: Feb 27 '11 at 10:35